Offshore Life Insurance
Investor Eligibility Criteria for Offshore Life Insurance
Wayne Kurtz
Establishing an Offshore Life Insurance Policy
Many investors continue to look for investment opportunities throughout the worldwide marketplace.
Running On The Island Ambergris Caye, Belize
Spending the last several months on Ambergris Caye, Belize there have be many highlights from my morning runs along the beaches and trails along the Caribbean Sea. While staying at my favorite location- The Exotic Caye Resort, my morning consists of the mandatory workout of running and swimming. Just walk out of your room and toward the beach.
Besides the Tax Savings, Are You Aware of These Other Unique Benefits of Offshore Variable Life Policies?
There are significant tax, asset protection and investment diversification benefits available with an Offshore Variable Universal Life (VUL) policy. However, there are additional advantages to consider when evaluating an Offshore VUL policy that you might not have considered in the due diligence process.
Many offshore jurisdictions offer life insurance contract legislation that is better than legislation under U.S. state law. The assets invested with an offshore policy are considered to be in a separate account of the policy and will receive protection from creditors. This is different than a domestic policy which might subject the owner of the policy to creditor risk in the event of an insurance company bankruptcy.
Tax “Drag” on Your Investment Portfolio? Offshore Life Insurance Can Help
The pain of filing U.S. income taxes for many individuals is over, but the “sting” of writing the check to the IRS still lingers. This is the time of the year to evaluate not only last year’s tax liabilities, but to focus on strategies to reduce tax liabilities for 2011 and beyond.
